Hello everyone, let’s take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving in the uptrend channel .

Let’s start with the designation of the support line and as you can see the first support in the near future is $ 38,746, if the support breaks down, the next one is $ 36,180 and $ 32,875.

Now let’s move from the resistance line as you can see the first resistance is $ 39,942, if you can break it the next resistance will be $ 41,524 and $ 42,790.

Looking at the CHOP indicator , we can see that we collected a lot of energy in the 4-hour interval, while the MACD indicator shows that the blue line has crossed the red line from below, which should potentially indicate an uptrend.